Single Audits of Government-Funded Activities Webinar
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Overview
Auditors and finance personnel of government and not-for-profit organizations need a practical approach for reporting on single audits. This targeted, one-day webinar will provide you with a framework for this process. You’ll learn:
- How to comply with the Single Audit Act, the Yellow Book, and Uniform Guidance
- Appropriate rules and regulations
- Relevant accounting and auditing guidance
- Strategies for improving audit efficiency and quality
Objective
To equip CPAs and other finance professionals with the knowledge and tools to effectively conduct single audits in accordance with current government standards and regulations.
Emphasis
- 2024 revisions to the Yellow Book of government auditing standards
- Auditor independence requirements and overarching principles
- Differentiating among recipients, subrecipients and contractors
- Responsibility for reporting fraud and illegal acts
- Evaluating internal controls and internal control structure
- Uniform Guidance: allowed vs. unallowed costs
- Monitoring and managing subrecipients
- Determining major programs using risk analysis
- Report content and filing requirements, including the Schedule of Expenditures of Federal Awards (SEFA)
- Sampling, testing and reporting
- How to use the compliance supplement effectively
This course is included in the following subscriptions:
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View SubscriptionsPrerequisite
None
Level of Knowledge
Overview
CPE Credits
8
Hours
NASBA Field of Study
Auditing